September 17, 2012

The $214 Billion Map: PEGCC Report Breaks Down Pension Fund Investment by State, Ranks Top Funds by Returns and Allocation

Judge: “This data, coupled with the new interactive map, further demonstrates who benefits most from successful private equity investments – the teachers, policemen, firefighters and other workers whose retirement security is made stronger by private equity investment.”

Today, the Private Equity Growth Capital Council (PEGCC) unveiled Private Equity at Work in Your State, an interactive map that, for the first time, aggregates state-by-state information about large public pension plans and their investments in private equity.  Private Equity at Work in Your State also includes rankings that show the state and municipal pension funds with the ten best performing private equity portfolios (measured by 10-year return) and largest allocations to private equity (measured by dollar value).  The data released by the PEGCC is, for the first time, freely available to the public in one place.

The PEGCC analysis highlights the private equity investments of 75 of the largest state pension plans in the U.S.  They manage more than $2.4 trillion in assets and represent nearly 17.8 million active and retired beneficiaries.  The private equity holdings of these funds total more than $214 billion.  While many state and municipal pension plans publicly release information about their portfolio and investment strategies, Private Equity at Work in Your State is the only place where the information is illustrated by an interactive map on a state-by-state basis.  The new pension rankings are also a first.

“We’re excited to share this state and municipal pension fund data and rankings, which, for the first time, are publically available in one place.   The new Private Equity at Work in Your State interactive map gives people a very clear sense of the direct and positive impact that private equity is having in their state and community,” said Steve Judge, president and CEO of the PEGCC. “This data, coupled with the new interactive map, further demonstrates who benefits most from successful private equity investments – the teachers, policemen, firefighters and other workers whose retirement security is made stronger by private equity investment.”

The map contains additional information about private equity investment in all 50 states, including the number of private equity firms and private equity-backed companies in each state, the number of U.S. jobs supported by those companies and specific examples of private equity-backed companies headquartered in each state.

The state-by-state map is part of the PEGCC’s ongoing Private Equity at Work campaign, designed to educate audiences about the private equity industry and its positive contributions to the American economy. Last week, the campaign launched a new white board video explaining how private equity benefits investors, workers and communities.

The data featured in the map was compiled as part of PEGCC’s ongoing analysis of publicly available data on state and municipal pension plans. The Council has plans to release additional analysis in the coming weeks.